China woos new digital yuan users in major push

China has made a fresh push this week to convince consumers to try out the digital yuan, with the country’s top government body endorsing the wider use of the electronic currency in various scenarios.The State Council, China’s Cabinet, said in a policy blueprint released on Thursday that it would encourage the use of e-CNY in retail transactions, utility bill payments, and the administrative service.How close is China to launching its digital currency?While electronic payments are currently…

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